India, Jan. 20 -- The investigation into the cyber fraud case in which an elderly NRI couple was duped of over Rs.14 crore has revealed that the suspects used eight primary bank accounts to receive the proceeds, and then transferred the money in "extremely small amounts" to over a thousand mule accounts, police said on Monday.

According to police, the eight bank accounts - registered across various states - were opened using the names of NGOs, chemical manufacturing companies, job consultancies, and travel agencies. The money from these bank accounts was further transferred to mule accounts in tiny amounts of Rs.50-100 and later withdrawn by the suspects involved in the crime, police said.

The police on Saturday had arrested three peopl...